M&A Deal Summary

Tex Tech Industries Acquires Fiber Materials

On January 13, 2025, Tex Tech Industries acquired manufacturer Fiber Materials from Spirit AeroSystems for 165M USD

Acquisition Highlights
  • This is Tex Tech Industries’ 2nd transaction in the Manufacturing sector.
  • This is Tex Tech Industries’ largest (disclosed) transaction.
  • This is Tex Tech Industries’ 4th transaction in the United States.
  • This is Tex Tech Industries’ 1st transaction in Michigan.

M&A Deal Summary

Date 2025-01-13
Target Fiber Materials
Sector Manufacturing
Buyer(s) Tex Tech Industries
Sellers(s) Spirit AeroSystems
Deal Type Divestiture
Deal Value 165M USD

Target

Fiber Materials

Biddeford, Michigan, United States
Fiber Materials is a materials solutions company that develops and manufactures high-temperature materials and composites for use in industrial, commercial, and aerospace applications. FMI produces carbon/carbon composites, carbon-ceramic, and advanced polymer matrix composites. Fiber Materials was established in 1969 and is based in Biddeford, Maine.

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Buyer(S) 1

Buyer

Tex Tech Industries

Kernersville, North Carolina, United States

Category Company
Founded 1904
Sector Apparel/Textiles
DESCRIPTION

Tex Tech Industries is a specialty textile material manufacturer that specializes in meeting the requirements of difficult and demanding customer applications. The Company’s research and development team allows it to be innovative, creative, and on the cutting edge for the benefit of its growing customer base. Tex Tech Industries was formed in 1904 and is based in Kernersville, North Carolina.


DEAL STATS #
Overall 5 of 5
Sector (Manufacturing) 2 of 2
Type (Divestiture) 3 of 3
State (Michigan) 1 of 1
Country (United States) 4 of 4
Year (2025) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 SGL Carbon - Business Activities

Gardena, California, United States

SGL Carbon's Business Activities offers customer-oriented and tailor-made solutions based on carbon and glass fibers for high-tech applications in the automotive, aerospace, energy and other industrial sectors. SGL Carbon's Business Activities are based in Gardena, California.

Buy -

Seller(S) 1

SELLER

Spirit AeroSystems

Wichita, Kansas, United States

Category Company
Founded 1927
Sector Aerospace
Employees14,500
Revenue 6.0B USD (2023)
DESCRIPTION

Spirit AeroSystems is an independent supplier of large component parts and assemblies for commercial aircraft. Spirit AeroSystems offers manufacturing and design expertise on a broad range of products and services for aircraft original equipment manufacturer. Spirit AeroSystems was founded in 1927 and is based in Wichita, Kansas.


DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 1 of 1
Type (Divestiture) 3 of 3
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2025) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-27 Applied Aerodynamics

Farmers Branch, Texas, United States

Applied Aerodynamics is a provider of high-quality, efficient composite maintenance, repair, and overhaul (MRO) solutions for premier airlines. Employing the principles of total quality management (TQM), Applied Aerodynamics offers outstanding structural repair and overhaul of thrust reversers, flight controls, radomes/tailcones, nacelles, doors, panels, and more. Applied Aerodynamics was formed in 1990 and is based in Farmers Branch, Texas.

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